Arab News, Thursday, Sep 2, 2021 | Muharram 25, 1443
ITFC signs $15m deals with Uzbekistan banks
Saudi Arabia:
The International Islamic
Trade Finance Corp. on Wednesday in Tashkent signed $15 million financing
agreements with banks of Uzbekistan along with a program to help the country’s
financial institutions transform along international lines.
The event was held along the sidelines of the 46th
Islamic Development Bank Group Annual Meeting in Uzbekistan.
ITFC CEO Hani Salem Sonbol said: “ITFC’s vision is
to become a leading provider of trade solutions to its member countries.”
He said his organization is committed to the
restoration of economic growth in the post-COVID era, which is evident from “our
COVID-19 Response Strategy in which ITFC provided $1.1 billion of trade
financing.”